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Jan 10, 2013
01/13
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robert rubin, hailing from goldman sachs, salary summers was a renowned economist. paul o'neil from alcoa. there's nothing on lew's resume that suggests any measure of independence. markets want a little bit of independence from their treasury secretary. that said, if jack lew's appointment can, in fact, result in some kind of longer term budget deal affixed to entitlements, tax reform, corporate and individual that i think markets would be happy to give up that independence. the troubling is i don't hear anybody right now saying that this appointment or this nomination is going to result in the kind of deal the markets really want. >> former omb director, very popular in the white house, and the administration. the white house argument is he ran circles around them in past negotiations. >> well, that's right. i mean, you have a guy here who is in many sense a consequence mat insider who spent almost his entire professional career in washington on the hill and in the white house. now, that's a good thing and a bad thing. it's a good thing because clearly he knows wh
robert rubin, hailing from goldman sachs, salary summers was a renowned economist. paul o'neil from alcoa. there's nothing on lew's resume that suggests any measure of independence. markets want a little bit of independence from their treasury secretary. that said, if jack lew's appointment can, in fact, result in some kind of longer term budget deal affixed to entitlements, tax reform, corporate and individual that i think markets would be happy to give up that independence. the troubling is i...
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Jan 14, 2013
01/13
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. >>> according to financial times, goldman sachs is considering paying its employees bonuses in the uk after april 6. that would allow the company to take advantage of the top income tax'd dropping from 50% to 45%. it would defer bonuses from 2009 through 2011. >>> apple is slashing component orders for the iphone 5. that's according to "the wall street journal." weaker demand and increasing competition from samsung are blamed. the iphone 5 was released in september. >>> i am still a republican. colin powell declaring his support for his political party but not before warning that some ideas held by his fellow republicans could be hurting the party's future. >> there's also a dark vein of intolerance in some parts of the party. what do i mean by that? what i mean by that is they still sort of look down on minorities. how can i evidence that? when i see a former governor say that the president is shucking and jiving. that's a racial era slave term. >> powell is most likely talking about former alaska governor sarah palin who blasted president obama for his handling of the benghazi co
. >>> according to financial times, goldman sachs is considering paying its employees bonuses in the uk after april 6. that would allow the company to take advantage of the top income tax'd dropping from 50% to 45%. it would defer bonuses from 2009 through 2011. >>> apple is slashing component orders for the iphone 5. that's according to "the wall street journal." weaker demand and increasing competition from samsung are blamed. the iphone 5 was released in...
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Jan 16, 2013
01/13
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surprise, surprise for goldman sachs, its earnings are higher than what analysts predicted. jpmorgan also reporting higher earnings. that's the good news. the bad news here, the maker of the troubled jetliner dragging the stock market down just a bit. we have been talking about that. alison kosik, let me go to you. let's begin here with jpmorgan. higher earnings, and a pay cut for the ceo. pay cut. how much are we talking? >> reporter: pay cut for jamie dimon. huge pay cut, 12 million bucks. he's paying the price for last spring's trade gone bad in london, brooke. these were trades making big bets on complex derivatives. they cost the company more than $6 billion, so the bank is cutting his total salary, which includes his bonus, to half. which means he'll get paid $11.5 million for 2012. i know it is not chump change. he made $23 million in 2011. as for the company, jpmorgan made a profit of $5.7 billion in the last three months of 2012. that's up more than 50% from a year ago. it was helped by the recovery and the housing market. brooke? >> what about goldman? how did they
surprise, surprise for goldman sachs, its earnings are higher than what analysts predicted. jpmorgan also reporting higher earnings. that's the good news. the bad news here, the maker of the troubled jetliner dragging the stock market down just a bit. we have been talking about that. alison kosik, let me go to you. let's begin here with jpmorgan. higher earnings, and a pay cut for the ceo. pay cut. how much are we talking? >> reporter: pay cut for jamie dimon. huge pay cut, 12 million...
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Jan 16, 2013
01/13
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goldman sachs, we'll touch on that before you go? >> okay, goldman had a strong finish as well. also benefiting from the housing recovery and the credit conditions that are getting better. goldman booking a profit of almost $3 billion and that's triple from a year ago. and despite what ceo lloyd blankfein called a challenging economic conditions for most of the year, goldman pretty much coming out very strong. what's most interesting with goldman, carol, and there's this shift going on from making money on trading and investment management to goldman getting most of its growth from lending money. you look at goldman shares, they recovered in 2012 from a really, really tough 2011. shares lost almost half their value in 2011, most of it coming after the summer debt ceiling debate. guess what? shares of goldman have gained 48% in 2012. the rally has continued this year. goldman sachs shares right now are up 2.5% in the premarket, carol? >> all right, alison kosik reporting live from the new york stock exchange. >>> a huge winter mess stretches from maine to mississippi. there's a 4
goldman sachs, we'll touch on that before you go? >> okay, goldman had a strong finish as well. also benefiting from the housing recovery and the credit conditions that are getting better. goldman booking a profit of almost $3 billion and that's triple from a year ago. and despite what ceo lloyd blankfein called a challenging economic conditions for most of the year, goldman pretty much coming out very strong. what's most interesting with goldman, carol, and there's this shift going on...
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Jan 4, 2013
01/13
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bob reuben during the clinton administration, former chairman of goldman sachs he wasn't in the media doing a lot but he was effective. >> 3 1/2 minutes until the big show. i will let you break off and get ready for your program. we are back right after this break.
bob reuben during the clinton administration, former chairman of goldman sachs he wasn't in the media doing a lot but he was effective. >> 3 1/2 minutes until the big show. i will let you break off and get ready for your program. we are back right after this break.
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Jan 9, 2013
01/13
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now, downtown, on the hudson river, there is a big building owned by goldman sachs. they put sandbags around that building to the tune of 16 feet. the lights stayed on, no damage. one block away is the mta's brooklyn battery tunnel between manhattan and brooklyn. no sandbags, the visuals of that are appalling, hundreds of millions of dollars of damage, and weeks of delay and inconvenience to commuters. if we're going to fix this, we got to go back and figure out why we weren't prepared so that when the next storm hits, we get prepared. >> what about then beyond the lack of what these items that could help a lot of folks up and down the new jersey, new york areas, what about money? i mean, this is not cheap here with these disaster preparations, who pays? how do you get that money? >> it is a great question. and when you spend public money, it is always easier to spend the money on saving people than it is on the dull business of preventing people on a calm august day years before. the state has a responsibility. the city has a responsibility. the federal government h
now, downtown, on the hudson river, there is a big building owned by goldman sachs. they put sandbags around that building to the tune of 16 feet. the lights stayed on, no damage. one block away is the mta's brooklyn battery tunnel between manhattan and brooklyn. no sandbags, the visuals of that are appalling, hundreds of millions of dollars of damage, and weeks of delay and inconvenience to commuters. if we're going to fix this, we got to go back and figure out why we weren't prepared so that...
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Jan 17, 2013
01/13
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morgan, and goldman sachs. but will they be able to keep up the pace? >> tom: i'm tom hudson. the growing concern over america's ability to pay its i.o.u.s is turning into a debate over the definition of a "debt default." why washington's wrangling could hurt the u.s. economy. >> susie: and from chipotle to dunkin' donuts, did fast food chains meet investors' appetites for big returns? we're talking food stocks. >> tom: that and more tonight on "n.b.r."! >> tom: we begin with banking. two giant financial powerhouses reported big gains in fourth quarter earnings today. j.p. morgan chase booked its third straight year of record profits. and goldman sachs reported fourth quarter earnings that were almost triple the same period a week ago. erika miller reports. >> reporter: before we get to jp morgan's profits, let's talk about the earnings of it's c.e.o., jamie n.
morgan, and goldman sachs. but will they be able to keep up the pace? >> tom: i'm tom hudson. the growing concern over america's ability to pay its i.o.u.s is turning into a debate over the definition of a "debt default." why washington's wrangling could hurt the u.s. economy. >> susie: and from chipotle to dunkin' donuts, did fast food chains meet investors' appetites for big returns? we're talking food stocks. >> tom: that and more tonight on "n.b.r."!...
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Jan 16, 2013
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rest of the country was in the worst of the recession, you saw the big traders and the heads of the goldman-sachs's of the world walking out with these multimillion-dollar pay packages. >> do the banks need to be held accountable for their part... >> narrator: and in washington, the news about the banker bonuses didn't go over well in the oval office. >> ...got more than $18 billion in bonuses... >> the bonus and the compensation stuff made him more angry than i'd ever seen him. i remember him, like, really standing up out of his chair in the oval office and just being really pretty livid. i mean, the one thing he would not stand for was the american people being played for as chumps by these banks, and that was something he just really didn't like. >> narrator: some on the president's staff saw this as an opportunity to get tough on the banks. >> david axelrod, obama's top political adviser, very much wanted some scalps. robert gibbs, who was the press secretary, but also very senior political aide, wanted scalps. >> narrator: white house economic adviser larry summers pushed the president to take
rest of the country was in the worst of the recession, you saw the big traders and the heads of the goldman-sachs's of the world walking out with these multimillion-dollar pay packages. >> do the banks need to be held accountable for their part... >> narrator: and in washington, the news about the banker bonuses didn't go over well in the oval office. >> ...got more than $18 billion in bonuses... >> the bonus and the compensation stuff made him more angry than i'd ever...
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Jan 23, 2013
01/13
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goldman sachs on the pacific. and they wanted me to realize their vision. see now if you can reach up, with both fists... >> narrator: michael winston once lived inside the bubble at mortgage originator countrywide. at first, winston was impressed by ceo angelo mozilo and how he had turned countrywide into america's number one mortgage company. >> how ya doin'? >> narrator: but just a few months into the job, winston had an encounter in the company parking lot. >> i'd been there five months when i happened to park next to a car with personalized vanity plates. said, "fund 'em."zed plates and i had a conversation with the person nearest the car. i didn't know if it was the owner or just some guy walking by. and i just said, "'fund 'em,' that's an interesting plate. what do you suppose that means?" and he said, "that's angelo mozilo's growth strategy for 2006." and he said, "we have a loan for every customer." >> a growing family with a lot of debt. >> and i said, "a loan for every customer? how can that be?" >> a business owner whose income was hard to docum
goldman sachs on the pacific. and they wanted me to realize their vision. see now if you can reach up, with both fists... >> narrator: michael winston once lived inside the bubble at mortgage originator countrywide. at first, winston was impressed by ceo angelo mozilo and how he had turned countrywide into america's number one mortgage company. >> how ya doin'? >> narrator: but just a few months into the job, winston had an encounter in the company parking lot. >> i'd...
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Jan 16, 2013
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. >>> revenue came in ahead of what the street was looking for earnings at goldman sachs nearly tripled in the fourth quarter. >>> and consumer prices were unchanged in december thanks to falling gasoline prices. and the federal reserve says expanded just lightly. that's it from cnbc. we are first in business worldwide. now back to chris and "hardball." ♪ >>> welcome back to "hardball." the white house has come under a lot of criticism over the gender makeup of its political appointments. white men occupy many of the senior positions in the white house right now. so far the president has announced he'd filled three major vacancies in his cabinet with white men. today politico and others are reporting the next is dennis mcdonough. another white male. here's one what official told the hill today. obviously this person spoke on background not to be named. quote, i work in this administration and i have to admit i'm slightly annoyed by lack of women around him. i mean, come on. out of all those people there's one woman in the room? you mean to tell me there's not one woman to be secretary
. >>> revenue came in ahead of what the street was looking for earnings at goldman sachs nearly tripled in the fourth quarter. >>> and consumer prices were unchanged in december thanks to falling gasoline prices. and the federal reserve says expanded just lightly. that's it from cnbc. we are first in business worldwide. now back to chris and "hardball." ♪ >>> welcome back to "hardball." the white house has come under a lot of criticism over the...
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Jan 6, 2013
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it will cut 1 1/2 points from growth according to goldman sachs economists. we have not solved a single problem that is real. we cannot focus on growth until we deal with some of these problems. so forget who's winning politically and who's losing. the only way to change the current trajectory unfortunately is for someone to lead. and the president as he is want to remind us frequently, one, and he is the president, and therefore the obligation and the opportunity to lead falls mostly on his shoulders. and he has to step forward -- >> but he has to have someone to negotiate with. >> absolutely, but he has to be willing to negotiate as well. and he wasn't truly willing to negotiate. i have negotiated many deals in my life. and here's what they take, a win-win and a willingness to treat your opponents with respect. not a constant win-lose and a denigration of your opponent. >> he put several proposals on the table, and speaker boehner walked away from the deal and washed his hands of all of this. and at the end of the day, the president did everything he could
it will cut 1 1/2 points from growth according to goldman sachs economists. we have not solved a single problem that is real. we cannot focus on growth until we deal with some of these problems. so forget who's winning politically and who's losing. the only way to change the current trajectory unfortunately is for someone to lead. and the president as he is want to remind us frequently, one, and he is the president, and therefore the obligation and the opportunity to lead falls mostly on his...
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Jan 16, 2013
01/13
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bank earrings, goldman sachs, metaphorically, hit it out of the park. investment banking up 68% year over year. jpmorgan, not quite as good. jamie dimon only made $11.5 million down from $23 million the year before. the london whale trade lost $6 billion. you have boeing, al pon airways and japan airways grounding the 787 after an emergency landing. that stock down 3.5%, a huge drag on the dow. they talk about growing pains for a new plane. this is getting a little bit out of hand for them. if they start losing orders, this company's projected earrings are going to go down the tube. >> let's talk about terry fran conn's stock, marketing consultant who is advised the team allegedly during the 2010 season wanted to make winning a little bit more sexier. he describes meetings where the owners are supposed to have said, we need a sexier team, go out and sign people. no one forced the red sox to sign carl crawford, but your thoughts, please, brian? >> i think no matter what happens, the end was ugly there. i think no matter what he said, he lost the clubhous
bank earrings, goldman sachs, metaphorically, hit it out of the park. investment banking up 68% year over year. jpmorgan, not quite as good. jamie dimon only made $11.5 million down from $23 million the year before. the london whale trade lost $6 billion. you have boeing, al pon airways and japan airways grounding the 787 after an emergency landing. that stock down 3.5%, a huge drag on the dow. they talk about growing pains for a new plane. this is getting a little bit out of hand for them. if...
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Jan 14, 2013
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here's lloyd blankfein, ceo and chair of the global investment giant goldman sachs, when asked by cbs news' scott pelley about how he would reduce the federal deficit. >> you're going to have to undoubtedly do something to lower people's expectations the entitlements and what people think that they're going to get, because it's not going to they're not going to get it. >> social security, medicare, medicaid? >> some things. and you know, you can go back and you can look at history of these things, and social security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career. entitlements have to be slowed down and contained. >> because we can't afford them going forward? >> because we can't afford them. >> ah, yes, but goldman makes sure their entitlements aren't touched. here's the story. after 9/11, congress created tax-exempt liberty zone bonds to help small businesses rebuild near ground zero. turns out goldman's friends in high places consider it a small business, too, although it made $5.6 billion dollars in profits last year. as the fiscal
here's lloyd blankfein, ceo and chair of the global investment giant goldman sachs, when asked by cbs news' scott pelley about how he would reduce the federal deficit. >> you're going to have to undoubtedly do something to lower people's expectations the entitlements and what people think that they're going to get, because it's not going to they're not going to get it. >> social security, medicare, medicaid? >> some things. and you know, you can go back and you can look at...
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Jan 9, 2013
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what scared us about aig was that if they went down, goldman sachs went down, jpmorgan went down, everybody goes down. no one to loan them money, because they were at the center of the whole financial crisis, which was shutting down the financial system. now they come back and say we loan them money at an overly onerous rate. this is coming after we found out they were able to pay that money back. clearly, they were able to pay it back and we made a profit on it. the whole thing is ridiculous. we should say aig has not agreed to sign on to the lawsuit. the board of directors is hearing out the former ceo, probably one of the worst villains of the financial crisis. i would be surprised if they make a move like this, but it is an appalling, appalling, ridiculous affront. >> you're trying to avoid the words, but it's blanking, blanking unbelievable they are doing this. those are the blanks i was looking for. eric, whether or not aig joins this lawsuit or not, there's this sort of mental -- there's this attitude, i think, that perhaps none of us understand that permeates wall street. a sense of
what scared us about aig was that if they went down, goldman sachs went down, jpmorgan went down, everybody goes down. no one to loan them money, because they were at the center of the whole financial crisis, which was shutting down the financial system. now they come back and say we loan them money at an overly onerous rate. this is coming after we found out they were able to pay that money back. clearly, they were able to pay it back and we made a profit on it. the whole thing is ridiculous....
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Jan 25, 2013
01/13
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the huffington post seems to have changed its mind about goldman sachs in record time. thursday, huffington post and goldman sachs announced they would partner for new initiative aimed to job creation. the washington free beacon reports two days earlier, huff post accused goldman satchs of profitinprofiting from the globd crisis. part of a slide shows entitled ceosthat looked like villains. it showed lloyd blankfine compared to dr. evil. it showed him lying about the proprietary trading. the huffington post called him a vampire squid. two days before i said the new job creation partnership. you can pile this under someone should have seen this coming. brazil gave $27,000 minimum security inmates holiday vacation home for good behave. more than 2400 did not return. daily mail note information early 2011 nearly the same number of inmates did not return from their furloughs. officials still think some of the at-large inmates may come back. figuring they are experiencin experiencing, "transportation issues." brazil says those two are recaptured will not be eligible for futu
the huffington post seems to have changed its mind about goldman sachs in record time. thursday, huffington post and goldman sachs announced they would partner for new initiative aimed to job creation. the washington free beacon reports two days earlier, huff post accused goldman satchs of profitinprofiting from the globd crisis. part of a slide shows entitled ceosthat looked like villains. it showed lloyd blankfine compared to dr. evil. it showed him lying about the proprietary trading. the...
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Jan 17, 2013
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. >> stephen: you famously called goldman sachs a great vampire squid wrapped around the face of humanity. >> yes. >> stephen: so you are an objective journalist. >> right. >> stephen: what mullet would you compare to hsbc. >> when i said that about goldman i got flack from zoologists who said i was slandering that particular animal. i'm going lay off any mollusk. >> stephen: okay. fine. what is the problem with superwealthy people or organizations being able to buy themselves out of trouble? i mean, our nation needs cash. >> the problem is that, you know, when the rule of law doesn't aemploy if everybody, then you don't really have the -- apply to everybody, then you don't really have the rule of law anymore. if we can't arrest these people because they are too important what does that say to somebody carrying a joint. >> stephen: again, you should be carrying 800 million joints. why not lay back and enjoy it because we need the banks? right? we can't do without the banks. maybe it is right. maybe we've gotten to the point where we can't do anything to these guys because they provide an
. >> stephen: you famously called goldman sachs a great vampire squid wrapped around the face of humanity. >> yes. >> stephen: so you are an objective journalist. >> right. >> stephen: what mullet would you compare to hsbc. >> when i said that about goldman i got flack from zoologists who said i was slandering that particular animal. i'm going lay off any mollusk. >> stephen: okay. fine. what is the problem with superwealthy people or organizations...
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Jan 25, 2013
01/13
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this morning on "squawk box," we spoke with the ceo goldman sachs, lloyd blankfein, and he said, very likely the stock markets are going to go up from here, and that's because central banks around the globe are making it really expensive to keep your money in cash. you've got to find some asset that looks like a better situation and most people think stocks is still the best place to put your money. and the "usa today," the money section, actually talks about whether main street is set to start stocking up on stocks. that could be a contradictory indicator, when main street starts looking at things, but there could be some real room with this, and the earnings have continued to be really strong. >> might be time to take all the money out from under the mattress and put it in the markets. becky quick, have a good weekend. >> you too. >>> next, anti-abortion activists are taking to the streets of washington today for the annual march for life, 40 years after the supreme court's landmark ruling on roe v. wade. the debate rages on. >>> plus, revolution revisited. we're keeping our eye on
this morning on "squawk box," we spoke with the ceo goldman sachs, lloyd blankfein, and he said, very likely the stock markets are going to go up from here, and that's because central banks around the globe are making it really expensive to keep your money in cash. you've got to find some asset that looks like a better situation and most people think stocks is still the best place to put your money. and the "usa today," the money section, actually talks about whether main...
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Jan 7, 2013
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capital one and goldman sachs were among the big banks that paid the firm, $2.2 million to get the financing break. verizon and time warner cable paid another $700,000 to keep the appreciation tax low. the motion picture association paid nearly $500,000 to secure tax breaks for movie producers. part of a measure that passed through the finance committee. back in august it went no where for months until it was tackeden to the fiscal cliff bill at the last minute. michael isikoff looking at how that happened. here he is now. mr. isikoff, so, i look at all your reporting on this and i think this is why tax reform can't ever get done. in a way that will make the country, in this day in age, when we expect transparency isn't going to happen. >> what is particularly striking about this, all the talk about tax reform which was sort of everybody's answer to where we're going to come and then you look at what happened in the last hours with all these business tax extenders being put in and taken lock, stock and barrel from the tax committee and a giant step backward from tax reform. they just ratifie
capital one and goldman sachs were among the big banks that paid the firm, $2.2 million to get the financing break. verizon and time warner cable paid another $700,000 to keep the appreciation tax low. the motion picture association paid nearly $500,000 to secure tax breaks for movie producers. part of a measure that passed through the finance committee. back in august it went no where for months until it was tackeden to the fiscal cliff bill at the last minute. michael isikoff looking at how...
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Jan 12, 2013
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remember reagan had don regan first and jim bakker, and bob ruben of goldman sachs. this is a washington oriented pick. >> one of the things i find troubling about jack lew not so much his ideological east lansing are obviously going to reflect those of the president, but the treasury secretary should have a vision of what the largest economy in the world wants to do. >> paul: still. >>, but wants to do in terms of a vision, an international vision and jack lew has a, basically experience, keeping the books. even when he was at citibank, you know, his job was sort of an operations manager, even though he got a huge bonus right on the heels of the big bailout, but he doesn't have the experience of someone who could lead in terms of the u.s. economy, its role in the world, on the international stage, i find that troubling. but barack obama is not thinking in any sense in traditional ways about the treasury secretary or these ideas about the economy. to them, the economy is a kind of concede his job is to send revenue to washington. and they have argued that lew's exper
remember reagan had don regan first and jim bakker, and bob ruben of goldman sachs. this is a washington oriented pick. >> one of the things i find troubling about jack lew not so much his ideological east lansing are obviously going to reflect those of the president, but the treasury secretary should have a vision of what the largest economy in the world wants to do. >> paul: still. >>, but wants to do in terms of a vision, an international vision and jack lew has a,...
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Jan 19, 2013
01/13
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in november, we talked to the goldman sachs ceo. >> look at the history of these things and social security was not made to be a system that supported you for a 30-year retirement after a 25-year career. so there will be certain thing that is the retirement age has to be changed, maybe some of the benefits affected, the inflation adjustments, but in general, entitlements have to be slowed down and contained. >> as i said then, you need to remember that when we talk about these long lives, how much we live, rich folks have gained a lot more of that time than poor ones, since 1967, the number of them retiring is 66. if you're in the bottom half, you only gained an extra 1.3 years, you know when most people actually begin to take social security benefits? they begin at age 62. not 65 or 66. 62, which is as early as the law allows you to take them. and when you take the benefits less you get less over your lifetime. we punish you for your impatience, but they do it anyway. and they do it because they don't want to spend their whole lives at that job, unlike folks in finance who have cushy gigs
in november, we talked to the goldman sachs ceo. >> look at the history of these things and social security was not made to be a system that supported you for a 30-year retirement after a 25-year career. so there will be certain thing that is the retirement age has to be changed, maybe some of the benefits affected, the inflation adjustments, but in general, entitlements have to be slowed down and contained. >> as i said then, you need to remember that when we talk about these long...
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Jan 4, 2013
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and it's probably making a lot of goldman sachs guys poop right now. [ laughter ] >> jennifer: to a technical term. stephanie miller the host of the great "talking liberally" on current tv, so glad you were able to join us inside "the war room," steph. up next it's pretty well documented that if you wait around for congress to do something, you are going to be doing just that, waiting around. and for many of us when it comes to gun safety that is just not an option. that story is right after the break. ♪ hershey's simple pleasures chocolate. 30% less fat, 100% delicious. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking and i honestly didn't think i would ever quit. [ male announcer ] along with support chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood hostility, agitation depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix an
and it's probably making a lot of goldman sachs guys poop right now. [ laughter ] >> jennifer: to a technical term. stephanie miller the host of the great "talking liberally" on current tv, so glad you were able to join us inside "the war room," steph. up next it's pretty well documented that if you wait around for congress to do something, you are going to be doing just that, waiting around. and for many of us when it comes to gun safety that is just not an option....
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Jan 15, 2013
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. >> cenk: our disagreement is i think you take a kernel of truth which is goldman sachs has way too much power and it's the way we set up the system, and you're taking it to a huge jump forward and then saying that it's part of a conspiracy that hollywood is in on and the government is on in. and 20 guys decided it. it's the structural-- >> let me say this to your audience. i told people seven years ago because of a google press release that they had the patents and were using the cameras on your computers and the systems in your cell phone to have computers listen to you to build psychological algorithms. that was mainstream news two months ago. people are like, so what,. i was crazy 15 years ago to tell people they were taking baby's blood at birth to put it in a dna pentagon database. that was declassified three years ago. look how much we put up with, man. look how far it's gone. >> they also take the blood to make sure if you have disease later that you can help the baby. it's not a conspiracy. >> no, no, the the cover story was that we send it away to the health department, th
. >> cenk: our disagreement is i think you take a kernel of truth which is goldman sachs has way too much power and it's the way we set up the system, and you're taking it to a huge jump forward and then saying that it's part of a conspiracy that hollywood is in on and the government is on in. and 20 guys decided it. it's the structural-- >> let me say this to your audience. i told people seven years ago because of a google press release that they had the patents and were using the...
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Jan 3, 2013
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corporate handouts, goldman sachs got a tax break for their new headquarters. attorney subsidiaries tax credit. offshore loopholes for banks. all the interest gets wins out of this. this is not a win for america. and then pete defauzio was saying our joe biden came into their caucus. he thinks they got massively outplayed. especially in the next round. >> biden came to our caucus. it was so unconvincing. he's so out of touch with what is going on with the tea party people and the caucus. he said we got them in a box canyon. yeah there is a box canyon, and we're up the head of it with social security, medicare and other important programs behind us. republicans are advancing with tanks, and we've got small arms. it's catastrophic. it's questioning the full phase and credit of the united states of america and putting us over that cliff. now vice president biden told us oh, they'll never do that. the wall street journal will wrote an editorial that they will run scared. they're radical. a number of them have said if we have to destroy the credit of the country in
corporate handouts, goldman sachs got a tax break for their new headquarters. attorney subsidiaries tax credit. offshore loopholes for banks. all the interest gets wins out of this. this is not a win for america. and then pete defauzio was saying our joe biden came into their caucus. he thinks they got massively outplayed. especially in the next round. >> biden came to our caucus. it was so unconvincing. he's so out of touch with what is going on with the tea party people and the caucus....
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Jan 24, 2013
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goldman sachs wound up giving $1 million to president obama's obama's 2008 election campaign and goldman sachs is also a client of covington and burling that happens to be the firm that attorney general eric holder worked for. what a coincidence. and is there a law that says this is illegal. yes, there are many, but let me give you sarbanes oxley act. a quote here so you're lear on it. chief executive office and chief financial offices certify under oath that their financial statements arestatementsstatement accurate and they assure that all relative and knowingly may be sent to prison. and no one went to prison. let's jump right into it. what are the possible reasons why no one saw prosecution here? >> the word that we get number one, let's accept that these transactions the sale of market-back securities to investors, these were very well lawyered transactions. these are not easy prosecutions by any stretch yet there have been no attempts at prosecution. that raises the question of whether, indeed, it is impossible to find fraud in these things. that doesn't seem to be the case either.
goldman sachs wound up giving $1 million to president obama's obama's 2008 election campaign and goldman sachs is also a client of covington and burling that happens to be the firm that attorney general eric holder worked for. what a coincidence. and is there a law that says this is illegal. yes, there are many, but let me give you sarbanes oxley act. a quote here so you're lear on it. chief executive office and chief financial offices certify under oath that their financial statements...
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Jan 4, 2013
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of goldman sachs at the same time was going out there saying no, no, no. you got to share the pain. >> going to have to undoubtedly do something to lower people's expectations, the entitlements and what people think that they're going to get because they're not going to get it. >> look at this smug guy. you got to lower your expectations. know your role. at goldman sachs lowering their expectations? no, they raised them. did they get a goody in this? of course they did, $1.6 billion worth of tax-free financing for the so-called york liberty because they happen to oh be building a giant building. pain for us, $1.6 billion for them. if you allow legalized bribery this is the result you get. we've got to get the money out of politics. i'll tell you we're working on that wolf-pack.com. fight back. >> when we come back, we'll talk about how different the democratic party and politics is and civility is in washington between when he was working for mcgovern and kennedy and it is to now. don't miss that. >> i'm sitting there smoking a cigarette and drinking a mer
of goldman sachs at the same time was going out there saying no, no, no. you got to share the pain. >> going to have to undoubtedly do something to lower people's expectations, the entitlements and what people think that they're going to get because they're not going to get it. >> look at this smug guy. you got to lower your expectations. know your role. at goldman sachs lowering their expectations? no, they raised them. did they get a goody in this? of course they did, $1.6 billion...
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Jan 8, 2013
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possibly the biggest player here was capital tax partners, capital one and goldman sachs among the big banks that paid the firm $2.2 million, and another $700,000 to keep the tax depreciation down low. and another $490,000 from movie producers. >> cenk: now all the turks are here, but if you don't watch the show, none of them are turkish. this is bribery. they paid $2.2 billion and get $11 billion back in one of the cases. am i seeing this wrong or this is obviously legalized bribery. >> yeah, definitely, but how is it different from what we see over and over again. >> what is different these are all for industries that will create jobs. without these tax breaks the jobs wouldn't be available. that's the argument being made. in some cases that's true, but in rare cases is that true. >> cenk: corporations made the same argument in 2004 when they wanted a repatriatation tax holiday. they wanted to bring in their profits from overseas. after their brought in their profits that were taxed at 5% rather than 35% they cut jobs in america. wow, i didn't see that coming. >> we're supposed to pa
possibly the biggest player here was capital tax partners, capital one and goldman sachs among the big banks that paid the firm $2.2 million, and another $700,000 to keep the tax depreciation down low. and another $490,000 from movie producers. >> cenk: now all the turks are here, but if you don't watch the show, none of them are turkish. this is bribery. they paid $2.2 billion and get $11 billion back in one of the cases. am i seeing this wrong or this is obviously legalized bribery....
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goldman sachs, nascar, hollywood, they all got some short-term stimulus. >> tax extenders. >> why did they get it? the big losers -- >> yeah. >> the big losers are, you know, is it from top down, i blame the white house, i blame capitol hill and the american people saw how the sausage is made and once again they were again because they don't do their work and they just -- all they do is take advantage of the american people. >> don't neglect electric scooters because this tells you how washington works. the fiscal cliff deal, scooters are made in oregon. senator widen of oregon said it is unfair that the federal government uses tax credits to bribe people to buy electric cars. therefore, we ought to have a tax credit to bribe people to buy electric scooters, which we now do. >> the point is the fiscal cliff is a big fat lie. the stimulus for its special interest, its little -- the congress and the white house -- that's disgraceful and didn't do their job. they've known about this for a long time. if you don't do your job, you don't do your job, none of us would -- we'd be out of jobs
goldman sachs, nascar, hollywood, they all got some short-term stimulus. >> tax extenders. >> why did they get it? the big losers -- >> yeah. >> the big losers are, you know, is it from top down, i blame the white house, i blame capitol hill and the american people saw how the sausage is made and once again they were again because they don't do their work and they just -- all they do is take advantage of the american people. >> don't neglect electric scooters...